Despite a stock market that's less than 1% away from record highs, bearish forecasts are out in full force.
And a weakening in the labor market will crush investor confidence and send the stock market falling by as much as 30%.
BCA Research: A recession in early 2025 will cause 30% stock market declineBCA strategist Roukaya Ibrahim warned that a 30% correction in the stock market could be sparked by a recession early next year.
Rosenberg famously predicted the 2008 recession, but his consistently bearish economic outlooks since then have largely fallen flat.
Advertisement"Forward earnings rose to a record high during April, consistent with a solid labor market.
Persons:
—, they're, Gary Shilling, we've, Shilling, BI's Jennifer Sor, we're, John Hussman, Hussman, wouldn't, Roukaya Ibrahim, Ibrahim, David Rosenberg, We're, Rosenberg, Ed Yardeni, Yardeni, landers
Organizations:
Service, Wall, Hussman Investment Trust, BCA, Bloomberg
Locations:
Wall